Hello, we are currently in the green accumulation zone, which is highlighted as a green rectangle.
We want to see a push up, to meet the resistance, and then come back down, and retest the old resistance as support. In other words, convert that red line to a blue support line. Once we see this, we will see it fly to $3.4 which is approximately the line for the 1.618 Fib level.
At this price, we will have to analyze once again and see what happens.
This is a short term - 1 month setup.
Idea fails if price falls below $2.5
We want to see a push up, to meet the resistance, and then come back down, and retest the old resistance as support. In other words, convert that red line to a blue support line. Once we see this, we will see it fly to $3.4 which is approximately the line for the 1.618 Fib level.
At this price, we will have to analyze once again and see what happens.
This is a short term - 1 month setup.
Idea fails if price falls below $2.5
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.